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Views: 89 DOM: 118 Updated: 07.26.24 Posted: 05.21.24 Status: Active

Summary

Price $2,400,000
Built/Renov 1985
Tenant DaVita Dialysis
Cap Rate 7.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,496
Lease Start 05-01-2005
#Units 3,042
Price/SF $320.17
Expiration 04-30-2030
Tenant Type Medical/Health
NOI $173,973
R. Term 5.7
Ownership Fee Simple
Rent/SF $23.21
Increases 2.0%/1/yrs
Pop 5Mi 168,206
Lot/AC 1.03
Options 3/5yrs/2%
AHHI 5Mi $116,801

Lease Highlights

  • DaVita Dialysis has been operating in this location since 2005
  • Tenant recently extended their lease an additional 5 years with preferred 2% annual increases
  • Favorable NN+ lease | Landlord responsibilities limited to structure
  • Corporate guaranteed lease (NYSE: DVA)

Location Description

DaVita Dialysis is strategically located off John F Kennedy Way & Van Sciver Parkway which sees over 20,000 VPD. The property is located in a dense medical office corridor and sits ½ mile south of Virtua Willingsboro Hospital, a 249-licensed bed facility that provides a full suite of services. The 5-mile trade area is supported by more than 160,000 residents and 63,000 households earning an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: DaVita Dialysis
  • Guarantor:Corp T and Rated
  • Company:Davita Inc.
  • # Units:3,042
  • Tenant S&P: BB
  • Moody’s: Ba3
  • Stock: NYSE: DVA

About Tenant

DaVita Inc. (NYSE: DVA) is one of the largest dialysis providers in the United States. Their U.S. dialysis and related lab services business treats patients with chronic kidney failure, ESKD, in...


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